Press release
Automotive Camera Market to Reach USD 30.41 billion at a CAGR of 9.3% from 2020 to 2027
Automotive Camera Market 2022
The global automotive camera market is expected to grow at a CAGR of 9.3% from 2020 to 2027 to reach USD 30.41 billion by 2027. The Asia Pacific is expected to be the largest market for automotive cameras during the forecast period owing to the increasing demand for luxury cars and ADAS features in the region.
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Automotive cameras are becoming increasingly popular, as they offer a number of benefits over traditional automotive mirrors. Automotive cameras provide a wider field of view, better low-light performance, and are less susceptible to blind spots. In addition, automotive cameras can be used for a variety of applications such as advanced driver assistance systems (ADAS), infotainment, and security.
Automotive Camera Market: Dynamics
Increasing influence of new car assessment programs (NCAP) is one of the key factors expected to boost the growth of the global automotive camera market in the upcoming years. Growing demand for passenger cars coupled with increasing awareness regarding safety is accelerating the demand for automotive cameras in automobiles, which, in turn, is expected to fuel the growth of the automotive camera market.
Increasing demand for sensing cameras in driver assistance systems as well as increasing demand for advanced technologies in automobiles are some of the important factors responsible for the growth of the automotive camera market. Moreover, automotive cameras are sensitive enough to sense harsh driving conditions and assist drivers in controlling the vehicle. This factor is anticipated to support the growth of the said market.
However, high initial installation cost of automotive cameras in automobiles can act as a restraint to the sales of automotive cameras. Moreover, rising prices of vehicles along with the high cost incurred during designing and testing of these cameras may hamper the growth of said market in future.
In the current scenario, addition of rear and side view mirrors with automotive cameras in passenger cars is increasing, which, in turn, is expected to increase the OEM and aftermarket sales of automotive cameras. This factor will become a driver for the automotive camera market during the forecast period.
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Automotive Camera Market: Market Participants
Examples of some of the market participants identified across the value chain of the global automotive Camera market include:
• Autoliv Inc.
• Ambarella, Inc.
• OmniVision Technologies, Inc.
• Valeo Inc.
• Gentex Corporation
• Integrated Micro-Electronics, Inc. (IMI)
• DENSO Corporation
• Delphi Automotive LLP
• Ficosa Internacional SA
• Hella KGaA Hueck & Co
• OmniVision Technologies, Inc.
Automotive Camera Market: Segmentation
basis of application
• Park assist system
• Driver monitoring system
• Blind spot detection
• Night vision system
• Others
basis of technology type
• Infrared Camera
• Thermal Camera
• Digital Camera
basis of vehicle type
• PC
• LCV
• HCV
basis of sales channel
• OEM
• After Market
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Key Questions Answered in Automotive Camera Market Report -
• Who are the Major Manufacturers and Suppliers of Automotive Camera?
• What will the Automotive Camera Market growth rate in Future?
• What are the key factors driving the global Automotive Camera Market?
• Who are the key manufacturers in Automotive Camera Market space?
• What are the opportunities and threats faced by the vendors in the global Automotive Camera industry?
• What are sales, revenue, and price analysis by regions of Automotive Camera industry?
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